Everton valuation could now rocket to jaw-dropping £1.8bn – Keith Wyness
Everton’s former chief Keith Wyness has backed the club’s valuation to “double or triple” after The Friedkin Group’s (TFG) “bargain” £600million takeover.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – warned TFG about the potential for relegation in the 2024-25 campaign.
TFG completed their takeover last week after initially agreeing to buy Farhad Moshiri’s majority stake in September.
Everton had been in £600million of debt but that slate has been wiped clean by the US investors as they look to put the club on a sure financial footing.
The Toffees will move into a state-of-the-art, 52,888-seater stadium next year after years of costly construction on Bramley-Moore Dock.
Wyness claimed the stadium would cost “£1.2billion” if it was built from scratch today as a result of big inflation in recent years.
Everton valuation could ‘double or triple’ after TFG ‘bargain’, says Wyness
He told Football Insider‘s Insider Track podcast: “The £600m takeover figure is a bargain in some ways.
“If Everton were to slip up and get relegated, it would not be a bargain.
“Everton have taken control of the stadium now, and if you were to go and build that stadium from scratch today it would cost £1.2billion.
“The cost of the deal is around £600m for the Friedkin Group.
“Having an asset of that quality, and a Premier League team – it’s a bargain.
“The valuation of the club could easily double or triple.
“If they do well with it, there’s a potential for it to be a bargain. But there’s the relegation cloud still hanging over us this season.”
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